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Jeremy Grantham On Ignoring Eisenhower's Warnings
I Like Ike: A Powerful Warning Ignored, January 17, 1961 (pdf)
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I Like Ike: A Powerful Warning Ignored, January 17, 1961 (pdf)
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The people get the government they deserve.
http://generation96.blogspot.com/2007/01/controversial-quote-people-get....
There have been many warnings over the years, including the JFK speech on the vast conspiracy, etc. The PTB pray on the willingness and the interest of individuals to participate in the fraud, to work for large defense contractors, to eek a bit of the profits from the vast scam, to maybe have a Robo stock of the day go up 10%. They let 'us' get a few pennies here and there while they scam the dollars.
Of course, eventually infinite growth paradigms will meet the laws of thermodynamics and systems and the pennies earned (but taken away through inflation and the FIRE parasites) will be insufficient to protect one and their family from the Fourth Turning.
It's a bitch to get the masses to act in a collective best interest. Much easier to co-opt enough of them through hand-outs and favors - and to get them to defend the system.
But, Harry's business had a record Q4!
I hope the left wing media doesn't change a thing with their behavior and social engineering.
The national record of "White Flight" from the Democrat party is absolutely phenomenal. No time in our history has so many people fled from one party to another so fast. Our plans to socially re-engineer the control freak Democrat party are working perfectly. Everyone in the psudo-non-neo-con Tea Parties are behaving themselves perfectly, turning the other cheek. You can insult and demonize one race of people with race baiting and mud slinging only so much till they turn on you and find something better.
Whites have been fleeing Dem party and the blacks are coming soon too to the party of Lincoln, Sowell, Steele, West... And watch Herman Cain 2012.
If you want to see what Fascism looks like read this. Written by a Tunisian. it's a sector by sector, company by company listing of the huge concentration of wealth and power in the hands of former Tunisian Dictator Ben Ali:
http://fedupmontrealer.blogspot.com/2011/01/tunisia-fascist-regime-of-ben-ali.html
Fight back, starve the FIRE sector.
My late mother when she retired she looked at the $90 per month part B medicare bill and she dropped out. She, eventhough she hardly finished grammar school, calculated that between the 20% copay and the $90/month fee, she had to be sick and be visiting the doctor more than once per month just to break even. She also convinced my father to do the same.
In reality after more than 15 years they saved bundles of money and spent it travelling.
Drop your coverage unless you are sick prone or have chronic conditions.
Move your money to smaller safe banks buy physical gold and rent instead of owning. Be nimble to move to a new or better job anywhere in the states or even oversees.
Starve the FIRE
They are going to forcibly INCLUDE you into the medicare system.
More intelligent than many will every know.
It's all so much easier to understand when you have everyone nicely divied into enemy camps. Bad Democrats, good Republicans, in your case.
Personally, I can't blame anyone for abandoning the Democratic party. What I find difficult to understand is how anyone could still be under the illusion the Republican party has any redeeming values.
[What I find difficult to understand is how anyone could still be under the illusion the Republican party has any redeeming values.]---grey7beard
Agreed.
The Republican Party bears as much blame as the Dems. More so in fact because they have conservative roots, abandoned.
Bless you brother!
What about the prison industrial complex?
You are correct. Also we are getting the govt. we deserve and when the hammer comes down on the US what will it look like, I'll tell you. We will split into 5 to 6 countries/regions because the central govt. won't have the ability or will be trusted to run the country. All these countries/regions will be fascists police states in order to keep people in check. And we will be the laughing stock of the whole world. This may sound a little melodramatic and pesimisstic, but I wanted it to sound like that. Because we as a people have been sold on a lie and it's catching up with us. We thought that as long as we said the right things and did the right things and (this is most important) hated the right people, our group or race or country would get the benefits and the rest nothing.
What they didn't figure out is that to the super rich and elite, everybody is nothing and they are something, their group. They use the old fashion way of divide and conquer and then our capability to hate one another. So while we are fighting each other they are taking under our noses. While we run to these same leaders and think they are on our team there not, they are on THEIR team. We where so committed in making sure THOSE PEOPLE don't get ahead of us that we didn't see Rome burning.
Back in the past when Rome burned the first time Nero was fiddling, this time while Rome (US) was burning the populace was fiddling and Nero was getting out of town. Democracy is few and don't last long, you have the freedom to accomplish and the freedom to fail, this time we are feeling the failure part.
right on brother. after the energy apocalypse and we break down into regions, the english language with evolve into various dialects like how latin degenerated into spanish/french italian.
just for the fuck of it-The CFTC's New York staff signatures on the photograph of the seal are in appreciation for the support of the Senate Appropriations Subcommittee on Agriculture, Rural Development, and Related Agencies in rebuilding the CFTC's New York Office, which was destroyed in the September 11, 2001, terrorist attack on the World Trade Center.
Languages don't degenerate - they evolve. It is natural. Did you know that modern English and ancient Sanskrit evolved from the same source?
http://en.wikipedia.org/wiki/Proto-Indo-European_language
apologies arka, i was imprecise.
A good example of language evolution is the new teenage definition of holly water: H2 Oh! mygod
right on juck bohnson.....sold on a lie....
har! question is; when?
filo bedo says around 14k ago with dadblammit agriculture....i say it was 1700s. light bulb popped in a wigged head and said "brilliant! we'll sell 'em on rights/whatnots, we'll be fucking heroes forever, AND be on money!"
--we should perhaps not take this 50-year slide lying down. Squawking loudly seems preferable. - says Jeremy Grantham
some toys go *phffft* but 9mm squaks.........HAR!10
I don't know that it's entirely precise to say that the people get the government they deserve. People vote for a certain government, and get something completely different from what they thought they voted for. If the political system were honest, then you could squarely blame the voter for voting in a bunch of douchebags, but it's much more complicated than that.
Correct, it is much more complicated. The Borg will assimilate all newly elected Congress Critters and no progress/honesty will emanate - conditions will further deteriorate (larger deficits, hyper-inflation, etc) and you have to decide which side of the table you are on; betting on the downfall or betting that government will suddenly redeem itself.
Ike knew what happened to JFK - Allen Dulles was his man, bay of pigs was his plan. Why didn't Ike have a word to say after Dallas? Maybe he thought he gave forewarning enough. Still, I would have thought that Ike would have stood up and said something before he died in 1969.
Your first paragraph is probably correct. However, your 2nd reeks of the mindless "its the right wing extremists' fault" meme that has been force-fed down our throats by the myth-making leftist press and media. JFK, a liberal, was killed by a Communist; RFK, more liberal than his brother, was killed by a Palestinian (i.e. Moslem) radical; Obama's severest critics are those on the ulta-Left who feel betrayed; and this latest murder spree was purpetrated by a nut who, if he had any political leanings at all, was a radical Leftist. The conspiracy theories about "right-wing extremists" are just cover for the failures of liberal and Leftist (or Communist) policy failures. More information here: http://sultanknish.blogspot.com/2011/01/fall-of-house-of-kennedy.html
This is not to excuse the Republicans who, for the most part, have strayed very far from their roots of limited, Constitutional, government, having been seduced by the power inside the Beltway. They should know better, and their failure is one of morality (vs. the liberal/Left failure one of intellect).
FYI, Ike was probably the last traditional President, the last one truly interested in limited government and in the Constitution. Reagan, for all that I admire him, was only a shadow of Ike, and anyway was largely sabotaged by the corrupt elements of his party. Ike was a true patriot, a man of real character, and I sincerely doubt that he'd have failed to warn JFK of an assassination attempt. A guy willing to take on TPTB with his warnings about the Military-Industrial complex wouldn't have stood for it.
+100
A good thing that comment section starts with a comment of this kind.
The major trouble, the source of all, is that the US, the leading force in the world, has always been an expansionist country. Expansion is at the core of the US. US is expansion.
Yet reading the comments section, people deviate from the consequences of an expansionist power that can no longer expand because of the physical impossibility of it, to throw in various explanations that degenerate the starting point.
Among various communauties, the most appreciated communauties are those who claim to deal in reality. Because it seems to be the ultimate propaganda to conceal the very fact they hide from reality.
traderjoe
If only the talky talky posters here had the BALLS and COMMITMENT of WESLEY SNIPES!
Then again ACTIONS ALWAYS SPEAK LOUDER THAN WORDS!
[edit] Federal tax convictions
On October 12, 2006, Wesley Snipes, Eddie Ray Kahn, and Douglas P. Rosile were charged with one count of conspiring to defraud the United States under 18 U.S.C. § 371 and one count of knowingly making or aiding and abetting the making of a false and fraudulent claim for payment against the United States, under 18 U.S.C. § 287 and 18 U.S.C. § 2. Snipes was also charged with six counts of willfully failing to file Federal income tax returns by their filing dates under 26 U.S.C. § 7203.[13] The conspiracy charge against Snipes included allegations that he filed a false amended return including a false tax refund claim of over US$4 million for the year 1996 and a false amended return including a false tax refund claim of over US$7.3 million for the year 1997. The government alleged that Snipes attempted to obtain fraudulent tax refunds using a tax protester theory called the "861 argument" (essentially, an argument that the domestic income of U.S. citizens and residents is not taxable). The indictment said Snipes used accountants who already had a history of filing false returns to obtain refund payments for their clients.[14] The government also charged that Snipes sent three worthless, fictitious "bills of exchange" to the Internal Revenue Service (IRS) in the amounts of $1,000,000 (on November 30, 2000), $12,000,000 (January 18, 2001), and $1,000,000 (September 10, 2002), with each accompanied by an IRS tax payment voucher coupon.[15]
Snipes was a client with American Rights Litigators, which Kahn operated. As a client, Snipes gave a percentage of his tax refunds to Kahn's organization.[16]The government also charged that Snipes failed to file tax returns for the years 1999 through 2004.
In a December 4, 2006 letter from Snipes in response to his indictment, he declared himself "a non-resident alien" of the United States (in reality Snipes is a US born citizen).[17] Snipes said he was being made an example of and unfairly targeted by prosecutors because of his fame in connection with the federal tax fraud investigation. He attempted unsuccessfully to get the trial moved away from Ocala, Florida on the ground that racist attitudes in that town would prejudice his chance for a fair trial.[18] Snipes faced the possibility of up to sixteen years in prison and substantial fines if convicted on all the charges.[19] The trial began on January 14, 2008, in Ocala, Florida,[20] with opening statements beginning on January 16, 2008.[21]
Mug shot of Snipes taken in April 2008.
On February 1, 2008, Snipes was acquitted on the felony count of conspiracy to defraud the government and on the felony count of filing a false claim with the government. He was, however, found guilty on three misdemeanor counts of failing to file Federal income tax returns (and acquitted on three other "failure to file" charges). His co-defendants, Douglas P. Rosile and Eddie Ray Kahn, were convicted on the conspiracy and false claim charges in connection with the income tax refund claims filed for Snipes.[22][23]
On April 24, 2008, Snipes was sentenced to three years in prison for willful failure to file federal income tax returns under 26 U.S.C. § 7203.[24][25][26] While defense lawyers urged leniency, prosecutors argued that Snipes should be made an example of because of his fame.[5] Kahn was sentenced to ten years in prison, and Rosile was sentenced to four and half years in prison.[27] Until December 9, 2010, Snipes remained free on bail to work, even traveling internationally, while he appealed his conviction.[28][29] In April 2009, the Los Angeles Wave reported that Snipes has refused to answer certain questions in connection with a talent agency lawsuit in which the agency claims that Snipes owes over $1.4 million in commissions. Snipes is reported to have taken the position that his answers could incriminate him in a federal tax investigation. Lawyers for the talent agency stated that Snipes' lawyer advised the lawyers for the talent agency that "Snipes and his [ . . . ] companies are under an additional investigation by the Internal Revenue Service and Snipes would be asserting his Fifth Amendment right against self-incrimination and would not answer any questions at his deposition."[30] On May 22, 2008, the trial court ruled that Snipes could remain free while his appeal is being considered.[31]
On July 16, 2010, in a 35-page decision, the United States Court of Appeals for the Eleventh Circuit affirmed Snipes' convictions.[32][33][34] At the conclusion of its decision, the Court of Appeals stated:
On November 19, 2010, the United States District Court in Ocala, Florida denied motions for permission to interview jurors and motions for a new trial which had been filed by attorneys for Snipes. The Court ordered that the judgment of commitment be enforced.[35] In the seventeen page Order, the Court also granted the prosecution's motion to revoke the bail for Snipes.[36]
[edit] ImprisonmentOn December 9, 2010, Snipes reported to the Federal Correctional Institution McKean near Lewis Run, Pennsylvania.[37][38] In a television appearance on December 7, 2010, Snipes was asked by CNN's Larry King if he was nervous about going to prison and admitted his trepidation about doing time. "I think any man would be nervous," Snipes said. "Given the length of time that they are suggesting that I be away from my family, away from my profession, away from my ability to provide for my family and for those who have depended upon me to contribute to society ... I think anyone would be nervous about that."
The Federal Bureau of Prisons shows a projected release date for Wesley Snipes of July 19, 2013.[39]
( Did Snipes have LESS to lose than any here? Fuck no. But he obviously had BIG FUCKING BALLS unlike the fictional BLOATED BY THE INTERNET most posters have)
man i feel you...of course some pussy ass mother fucker probabley juunked u because like many others here on Zero and abroad, the cowardice u eluded to hits way to close to their heart...aint nothing changin n this corrupt bank controlled country because at the end of the day the bitch ass citizens aint got the balls to take on their overlords and accept wwhatver the consequences may be...
America - land of the dumb...
Home of the slaves............
All governments are the same: they accumulate and use power for the benefit of a few. They all use force and intimidation to insure they collect what they need. They are uniformly inefficient and costly. They all speak of liberty and great hope, but yield only debt and obligation.
They can build empires, but those empires will be populated with the poor and disenfranchised, with classes to create distinctions and competitive forces to allow them to be herded in the manner of the government's choosing. They will inflict their will on others and will be cheered when they win, yet create deep fear when they lose- as the displacement of power creates new insecurities for the people that must bear the government's failures.
Thus, the author falls into the same old trap: He never considers a possibility with no government, he merely vents his disappointment and chides us to do better, to expect more, to be "better" citizens.
You cannot fix what is irrevocably broken. The concept of government is a disaster- because it feeds on the accumulation and exercise of power, by humans- subjective, selfish, greedy humans. There can never be "good" government. Therefore, what the author should be examining is another form of organization for society that allows for a level of security while maintaining a standard of liberty.
If there is to be law, beyond private property and common law, it must be enshrined with components that make it impossible for minority rule. All governments are ruled by a minority, a very small minority, regardless of attempts to legitimize it through "elections". Elections are a trick. A scam. An exercise in futility.
People want to live a life in pursuit of security, family and those things that make THEM happy. Finding a system that allows this, that allows people to keep the vast majority of their efforts and protects them from the predatory behavior of others can move us to a world where liberty is the norm and government is the exception.
Eisenhower, ultimately is his own apologist, just like every leader that has preceded him and come after, because in the time when he could have acted- he failed. He did nothing more than forward the agenda of those in power- I can have no respect that.
Your last paragraph exemplifies the cowardness of leaders in America. No spine, no ideals, pass the buck.
Below this financial and governmental crisis is an intellectual and moral crisis which I am concerned we shall not overcome.
+1
+2
I'll be working on doing a series of seminars at my church and the local tea party based on this series called "healing the culture"
http://www.ewtn.com/vondemand/audio/file_index.asp?SeriesID=6710&T1=
The audio files are free to download. I'll be ordering the DVD set, but the idea will be to refocus on what is important, get a good handle on what rights are and why we have them, and educate people with truth instead of MSM fluff.
I HIGHLY recommend giving it a listen.
We can't just hope things get better, we have to take initiative roll up our sleeves, and take action in our community.
Have less, Be more
http://www.youtube.com/watch?v=g_5CtFxxXfE&feature=player_embedded
You might talk to the TeaParty about this.
Has not the intellectual and moral crisis been created by the government? Between "public education" and the subsidizing of the behaviors that lead to poverty (creating a moral crisis) by the government, so many have pallen prey to a slavery they view as freedom. The powers that be subscribe to a false philanthropy that only degrades liberty, except they've been much more sneaky about it nowadays.
But they're doing it for the children!
malik,
No, they have done it to ther children.
As of right now ALL childrens schoolbooks printed prior to 1985, are being removed from US schools.
Doesn't take a rocket scientist to know WHY.
INDOCTRINATION.
Thats what is wrong with this nation now, the subects taught, and esp in the Universities.
Find one Conservative Prof, out of a hundred..............good luck.
That's why I saved all my books from childhood.
This is also why I am going back to school. So I can challenge these SOBs then get a degree so I can teach what the hell is actually going on.
My education was dismal. I went to a series of schools for mentally disturbed teachers.
Woody Allen
The power to grant or deny your degree rests primarily in the hands of those whom you seek to challenge. They may, or may not like the idea of being challenged.
So be it. I prefer the truth be known than to live a lie.
You may find the "truth" to be a nebulous thing, and hard to grasp.
How we humans deal with knowledge and our preference for anecdotal over the empirical. Swan problem in its original form: How we tend to generalize from what we see. Then present the three facets of the same Black swan problem, and the error of confirmation, or how we are likely to undeservedly scorn the virgin part of the library. The tendency to look at what confirms our knowledge, not our ignorance. The narrative fallacy- How we fool ourselves with stories and anecdotes, how emotions get in the way of our inference. The problem of silent evidence, or tricks history uses to hide Black Swans from us.
Nonlinearities- relationships can vary: perhaps the best way to describe them is to say that they cannot be expressed verbally in a way that does justice to them. i.e the relationship between pleasure and drinking water. If you are in a state of painful thirst, then a bottle of water will increase your well being significantly.
True, our knowledge does grow, but it is threatened by greater increases in confidence, which makes our increase in knowledge at the same time an increase in confusion, ignorance and conceit. You cannot ignore self delusion. The problem with experts, is they don't not know what they do not know. Lack of knowledge and delusion about the quality of your knowledge came together. The same process that makes you know less also makes you satisfied with your knowledge.
[So be it. I prefer the truth be known than to live a lie.]---irishgurl4
You go, gurl!
Assuming you'll be teaching U.S. history(all of it) and the principles of our nation's founding, we will need 1000s more teachers like you.
Truth is not so nebulous as many may think. Lies, distortions, and omissions are the clouds of deceit that hides the truth. Stick to the facts, and you'll be fine. Armed with facts, your students will intuitively know the truth.
God bless.
Higher education is an approval cult. For practical matters, it is often worthless. (Exceptions for hard sciences and a few others, which need not be part of their system anyway.)
I know. I was being desperately sarcastic.
I wonder, in elementary economics classes these days, do they even bother teaching about the economic cycle, supply and demand, etc? Do kids learn the constitution anymore? I doubt it.
They do not even teach them to balance a checkbook.
Very little on The Constitution or the Founding Fathers. Men that used to be revered are now discounted and said to be outdated.
Problem is, they had lived tyranny.
+thanks
Almost responded but then realized it would be futile and just got home from a dinner where much alcohol was imbibed (pretty sure that might be "morally" reprehensible).
The oil barons have hired another crew to foment populace anger with the TeaParty replacing the John Birchers. Meet the new civil unrest terrorists, same as the old murderer terrorists:
http://www.youtube.com/watch?v=g_5CtFxxXfE&feature=player_embedded
Corporate tools, the lot of them.
It is simple to point out true lovers of freedom from controlled opposition and COINTELPRO in these organizations(TEA Partiers, John Birch Society). Oil is irrelevant in the war for consciousness and control. But you cannot place any blame on people who do not know how to express their fears in any other way but to revolt. Every organization has their moles, and one should focus on the best efforts of an organization rather then the filth that tries to corrupt them all.
It is simple to point out true lovers of freedom from controlled opposition and COINTELPRO in these organizations(TEA Partiers, John Birch Society). Oil is irrelevant in the war for consciousness and control. But you cannot place any blame on people who do not know how to express their fears in any other way but to revolt. Every organization has their moles, and one should focus on the best efforts of an organization rather then the filth that tries to corrupt them all.
Oil is NEVER irrelevant when you speak about American politics.
They are the number 2 benefactor of government subsidies.
And we fight wars so they can profit.
They are highly relevant. Any group they fund is highly suspect.
"God help the Nation when it has a President who does not know as much about the military as I do."
I'll bet Ike's twitching in his grave as I type it. Washington and Grant too.
Twitching? I'd reckon he's turned over a hundred times by now.
I wish I had some of that green stuff from ReAnimator to inject into his corpse. I'd dig him up and set him loose in DC along with Washington and Jefferson.
Don't forget Andrew Jackson.
....and forget Grant. Outstanding General, lousy Prez.
And lets not forget he owned slaves for 2yrs after the Civil War was over.(won't find that taught in a textbook).
People forget George Bush, The Elder, flew an Avenger TBF in the Pacific in WWII.
http://www.history.navy.mil/faqs/faq10-3.htm
No small affair.
Terrorists, all of them. Heh.
http://www.youtube.com/watch?v=6K9sBvtsCnk
"Don't forget Andrew Jackson."
You know he looked just like John Kerry.
So? John Kerry is an asshat with no balls.
I've heard this term so many times, but I have not had a reference image for it. So I asked google to help. Here is what google has provided.
That could work. MSM is jacked regardless of the channel.
Twitching in his grave - lol - hope it goes viral!
Everyone always loves to pounce on the most famous warning from that speech, yet most are completely unaware of the other - possibly more important - warnings.
Like this grammatical caveat: "From now on, ending a sentence with a preposition is something up with which we must not put."
Haven't you more important things
to be with concerned?
Haven't you more important things
to have with concern?
Haven't you more important things
to have with concern?
I heard BOTH, when broadcast, did not get the full intent of Ike's warning,Kennedys yes, but too vaugue.
I think both should have been a lot more SPECIFIC had they really wanted something done.
Kennnedy likely would have, except they got to him before he spilled the beans.(Just my opinion),but to my dying day, I will believe the release of the US Notes,and the plans to do the others, cost him his life.
Yes, the "the insolvent phantom of tomorrow" speech. It got some renewed attention a couple of years ago, when people noticed that Eisenhower had made warning noises about large, publicly-funded scientific-technical elites as well as the military-industrial complex, but his comments about debt still weren't picked up widely. Amusingly, Eisenhower was right and Grantham is wrong about the science industry.
Of course, cynics could say - and I think cynics have said - that it was pretty convenient for Ike to warn about the military-industrial complex just as he was heading out the door after eight years in which it expanded as never before. Similarly, much of the massive post-war expansion in scientific research took place under Eisenhower as well; after the Sputnik panic, and before it. Eisenhower's argument in the speech was that those changes had been necessary, and that the people of the US would have to ride the tiger as best they could.
The way is was....back in the day. And now.....:(
I just re-read the entire speech and from the world we now inhabit, the one he is speaking to us from seems like science fiction.
So very sad.
Nice find but how do we get people squawking? They've been taught to not discuss politics or religion.
Pull a Tunisia, FACEBOOK.
>> They've been taught to not discuss politics
You must be joking? It's gotten to the point politics are the basis for virtually every discussion on the internet, no matter what the intended subject. Simple minded knuckle dragging political hacks dominate every discussion. Perhaps a better phrase would be we've been taught not to dicsuss politics intelligently.
Oh well, next week is another week where we will see it all played out again. Manipulation and criminal behaviour by the filth on wall street and in washington, more transfer of wealth and control from the many to the few and the populous will stay idle like animals ready for the slaughter.
All that is necessary for the triumph of evil is that good men do nothing
etc, etc.
FMB, I fear you are correct!
do yourself a favor.. re-read Orwell's 1984 - especially towards the end as O'Brien cures Winston Smith's insanity..
"You must get rid of those nineteenth-century ideas about the laws of Nature. We make the laws of Nature..."
2 + 2 = 5
Reminds me of an old joke, 2 accountants come in for a job interview. The person conducting the interview asks one question:
What does 2 + 2 equal?
Accountant #1 answers 4.
Accountant #2 asks, what do you want it to be?
Guess who gets the job?
The Military-Industrial-Congressional-Judicial-Media complex is part of our societal DNA, but as they say, "It's always darkest just before the dawn."
The Military-Industrial-FINANCIAL-Congressional-Judicial-Media complex is part of our societal DNA, but as they say, "It's always darkest just before the dawn."
Sorry about the serious omission...
True.dat, but has the sun even set yet?
Fix,
Sorry, but you left out ONE, if not most important keys, "Executive "
Now, include the medical-industrial complex, education-industrial complex, financial-industrial complex, & just name your own and take your pick
Secure the gold and print our own currency.
Call security. End the Fed. We'll even pack their bags to make sure they don't steal anything.
So true. Welcome the new member, the security industrial complex - "we'll SAFE the shit out of you!"
It's farewell, not "fairwell".
Result: no credit deserved whatsoever
Not sure exactly how to rank it, but this is definitely on my top 10 list of best posts ever on ZH. I like Ike.
Jeremy Grantham's cool too.
I like Ike, my bike likes Ike.
Arthur Fonzarelli
Lame.
The writer, having drunk the global warming kool-aid, laments how science is being denigrated and then, with socialist overtones, proceeds to disregard the fruits of praxeology and attack capitalism.
Wonderfully articulate pontificating. I'll give you seven bollocks of a possible ten; you missed out on another two for your rampant comma abuse.
Are you actually aware of who Jeremy Grantham is?
I'm aware he believes in global warming. That automatically makes him not worth reading or listening to.
We face a hostile ideology global in scope, atheistic in character, ruthless in purpose, and insidious in method. Unhappily the danger it poses promises to be of indefinite duration. To meet it successfully, there is called for, not so much the emotional and transitory sacrifices of crisis, but rather those which enable us to carry forward steadily, surely, and without complaint the burdens of a prolonged and complex struggle – with liberty the stake.
Apt description of the Obama/progressive agenda. This is what we must do.
I think Eisenhower was unique especially in the context of his time. I like to quote him every now and then. It's a shame there aren't more like him.
...back then many leaders treasured honor and country by several clicks more than their gold. Not to suggest there weren't rascals around. A World War must have heightened awareness of what's really most important. I hope a WW doesn't happen again, but when the world-linked issue is debt mixed with power, that's a volatile combo.
Give me PATTON.
In his prime, and drop him in the control seat.
He could not even get on the ballot with Rush Limbaugh and the TeaParty in charge of the GOP.
Never.
Ever.
I absolutely LOVE LOVE LOVE this posting . (am old enough to remember Eisenhower !. THANK YOU FOR HISTORY !!
Check out this video series. Chip Tatum (former CIA black OPS) squawked too loudly about U.S. Government improprieties and his tortured body was found in Panama later.
http://www.youtube.com/watch?v=I_6dOsAZfZI
I am still awaiting the test results on Vince Foster.
How blood runs uphill on a corpse,on a slope down.
I had totally forgotten that speech until reminded just now. I had a socialogy class and, with our finals out of the way our. prof. discussed this speech and the warnings about the misuse of the future. I remember him specifically discuss the misabai iron ore range and how would the world rebuild after a nuke exchange with all the easy to get asset used up.
I had been drafted in 1955 and served in Germany near Frankfort (Darmstadt) and had seen first hand the horrific damage done in Europe from WWII. Most of europe was rubble, especially Germany and cities such as London.
Perhaps I will return to this thread later. Milestones
Here's the full address in video. He brings up the new threats (the military-industrial complex, Big Science, debt) at 6:45 , and comes to debt at 11:33 .
Eisenhower did not have a complicit Fed. Rally on bitchez.
It amazes me how the total debts inflation adjusted built up now are greater then the debt of the Second World War - aside from police actions there has been no major wars since Vietnam !!!
The malinvestment has been fucking epic.
Ever economic professor teaching this crap in the last 40 years should take a long walk off a short plank.
The one advantage of debt decay is that these bozos no longer have the capacity to go up the Yellow river.
You are quite correct. Malinvestment, ie the misallocation of capital is why we must go through economic downturns. You can stall with bailouts and such, but it must happen. Timing is the question, and the longer one pushes the inevitable down the road, the worse it gets.
By the way, they can all take a yellow shower.
Although if you want to spread the malinvestment blame around - he did oversee a dramatic expansion of the highways programme - although the man was not psychic - back then people belived in technological progress , now not so much.
There has been a hell of a lot of oil wasted on those roads to Empire.
Apparently freedom requires a massive central bank network that converts underground BTUs into transport energy has rapidly as possible.
Irony Irony enough with the Irony.
Lets just dream of the open road (quite possible in a world with little oil)
Lets just dream of the open road (quite possible in a world with little oil)
Ironically, I imagine that a world with little oil would look much like what is described in the book "The Road".
PAUL B. FARRELL
Aug. 31, 2010, 1:20 p.m. EDT·CORRECTED
Seven lean years: No recovery till 2016 Commentary: 10 reasons Jeremy Grantham's betting $100 billion on historic game-changerARROYO GRANDE, Calif. (MarketWatch) -- Summer of recovery? Dead. How dead? Remember Genesis? The Seven Lean Years? Add seven years to the handoff from Bush to Obama in early 2009 and you get no recovery till 2016. Get it? No recovery till the end of Obama's second term, assuming he's reelected -- a big if.
"The idea behind 'seven lean years' is that it is unrealistic to expect to overcome the several problems facing most developed countries, including the U.S., in fewer than several years." That's Jeremy Grantham talking; he's responsible for investing $100 billion in the next seven lean years. And like the biblical Joseph, whose life was on the line while interpreting dreams for the Egyptian pharaoh, Grantham can't afford mistakes.
In his recent newsletter, "Seven Lean Years Revisited," Grantham tells us why expecting a summer of recovery was unrealistic, why America must prepare for a long recovery. Grantham details 10 reasons: "The negatives that are likely to hamper the global developed economy." Sorry, but this recovery will take till 2016.
But should you believe Grantham? Yes. First: Like Joseph, Grantham's earlier forecasts were dead on. About two years before Wall Street's 2008 meltdown Grantham saw: "The First Truly Global Bubble: From Indian antiquities to modern Chinese art; from land in Panama to Mayfair; from forestry, infrastructure, and the junkiest bonds to mundane blue chips; it's bubble time. ... The bursting of the bubble will be across all countries and all assets ... no similar global event has occurred before."
Second: The Motley Fools' Matt Argersinger went back to the dot-com crash of 2000: Grantham "looked out 10 years and predicted the Dow Jones Industrial Average would underperform cash." Bull's-eye: The Dow peaked near 14,000 in late 2007; it's now around 10,000. Factor in inflation: Wall Street's lost 20% of your retirement since 2000. Yes, Wall Street's a big loser.
Third: What's ahead for the seven lean years? Wall Street will keep losing. Argersinger: "Grantham predicts below-average economic growth, anemic corporate-profit margins, and other severe obstacles for the stock market. Over the next seven years ... U.S. stocks as a group will deliver annualized real returns between 1.1% and 2.9%. That's less than you might get putting your money in a CD."
Warning: You'd be a fool to trust your money with Wall Street during the seven lean years till 2016. Another 20% will vanish.
Fourth: Why will Wall Street kill the recovery, keep driving us deeper into a ditch till 2016? Last year Grantham asked: "Why is it that several dozen people saw this crisis coming for years? It seemed so inevitable and so merciless, and yet the bosses of Merrill Lynch and Citi, even Treasury Secretary [Henry] Paulson and Fed Chairman [Ben] Bernanke, none of them seemed to see it coming." The Pharaoh listened to Joseph. Our leaders are deaf.
Another Black Swan will lengthen a seven-lean-years recoveryGrantham says today's leaders "running major-league companies are real organization-management types who focus on what they are doing this quarter or this annual budget. They're impatient, focused on the present."
However, planning for the future "requires more people with a historical perspective who are more thoughtful and more right-brained, but we end up with an army of left-brained immediate doers. So it's more or less guaranteed that every time we get an outlying, obscure event that has never happened before in history, they are always going to miss it."
Get it? It is guaranteed that our Wall Street and Washington leaders will miss the next Black Swan catastrophe. No matter how big, how many warnings. Just like they did in 2008. They are guaranteed to fail. That's tragic. Not only will America's recovery take at least seven lean years but when another meltdown does occur our leaders will miss it again. And another massive meltdown on top of a long seven-lean-years recovery will likely drag out the recovery past 2020!
So here's my Reader's Digest version of Grantham's 10 handicaps that will "hamper the global developed economy, drag it out for seven lean years," forcing Americans into a painfully long, game-changing period of austerity and civil unrest. You can read his original at GMO.com:
1. Too much consumer debt; increased savings, spending drops"We've stopped adding consumer debt, but the improvement is minimal. It would take at least seven years of steady reduction to reach a more normal level. Anything more rapid than that would make it nearly impossible for the economy to grow. More stimulus adds government debt, already a problem. But debt reduction in a fragile economy runs the risk of causing a severe economic decline. This dilemma may prove to be the central economic policy choice of our time. Not an easy choice. And no way that this process will be pleasant or quick."
2. Banks off-loaded trillions of toxic debt, increasing federal debt
"The most frightening aspect of the seven-lean-year scenario is that dangerously excessive financial system debt was moved across, with additions, to become dangerously excessive government debt, with levels of debt-to-GDP not seen outside wartime. The cure seems more like a stay of execution."
3. Stimulus failing, housing crashed, no appreciation, confidence lost"The artificial lift to consumers' confidence from steadily rising house prices is long gone, unlikely to return soon, reducing our confidence in the nest eggs we thought we could count on for retirement. Further house-prices declines are more than a 50/50 bet. No more shot in the arm from construction. Stock prices are stagnant. These changed attitudes will last for years."
4. Banks undercapitalized, overleveraged; more trouble ahead"Wall Street may have passed its point of maximum stress, but very bad things may lie ahead in Europe. Leverage and the chances of further write-downs leave banks undercapitalized, reluctant to lend. Unhealthy growth in America's GDP caused by previous rapid increases in the size of the financial sector has also disappeared, hopefully will stay gone."
5. State/local governments squeezed, tax revenues down 30%"Runaway costs: average salaries and pensions went far above private sector in 15 years, now run into the brick wall of reduced taxes. Real estate taxes are down over 30%, unlikely to bounce back soon. The legal need to stay balanced means painful cost-cutting, putting pressure on an economy with few stimulus options left. A double dip would make it worse."
6. High unemployment; few tricks left to stimulate jobs"Unemployment is high, suffering from the loss of kickers related to asset bubbles. The economy appears to have an oddly hard time producing enough jobs to get ahead of the natural yearly increases in the work force. Consumer confidence and corporate investing suffer."
7. America's trade imbalances are killing the dollar, our economy"America must stop running large trade imbalances, they destabilize the economy. In a world growing nervous about the quality of sovereign debt, these debt levels have exploded. Adding new foreign debts adds risk and doubts to the system, threatening the dollar. Just as adding surpluses threatens the Chinese. The trick, though, is to reduce these imbalances so that the process does not reduce global growth. Rebalancing will not be quick, easy, or painless."
8. European governments crashing; incompetent management"Europe suffers from incompetent management. Spain, Greece, Portugal, Ireland, and Italy allowed local competitiveness of manufactured goods to become 20% or more uncompetitive with Germany. The banking crisis was not the problem, so it'll never be easy to solve with a fixed currency. Unfortunately, Europe's problems are now part of America's seven lean years, guaranteeing slower than normal GDP growth and a long workout period."
9. Global loss of confidence in all currencies, including the dollar"Rising levels of sovereign debt and problems facing the euro bloc and Japan are creating a loss of confidence in faith-based currencies. The world economy is a fragile system that will increasingly limit governments' choices in dealing with low growth and excessive credit."
10. Aging populations; rising Medicare, Social Security costs"Possibly most important of all, widespread overcommitments to pensions and health benefits is a long-term problem overlapping with the seven-year workout, making the 'seven lean years' even tougher. Developed nations are aging, need more medical attention. Treatment costs are increasing, and are hard to limit or ration. No choice, hunker down, wait for a crisis."
Bottom line: America's facing seven lean years, a long, game-changing, painful recovery till 2016. But let's end on that positive note the Motley Fool's Argersinger promises: In spite of the dark forecast, there's a "silver lining, the saving grace Grantham calls it. The stock market might turn out to be a loser, but that won't be the case for 'high-quality' U.S. stocks. Grantham thinks elite stocks are poised to return as much as 10% a year or better."
Many see the problems, great, how about some solutions dipshit.
Mr. Grantham completely missed the boat on the "science-technology elite". Eisenhower was prescient in his warnings about them; they have aligned with the government to create a toxic class of "experts"... Mr. Grantham must somehow have missed the incredible damage done by the soft, social "sciences" to the fabric of our nation.
Just consider some of the major "contributions" of the social scientists over the past half-decade:
The Great Society (failure)
The whole of the Seventies criminal justice system (failure)
Head Start (failure)
Wave upon wave of education reforms (failures)
All of the above were "scientifically" designed, based on the best research of the best minds in our best university's social science departments. And I haven't even begun to list the failures of our economists -- most of whom consider their recommendations and opinions to be derived scientifically. Remember how the best economists told us we really didn't need all those "low skill" jobs that flew overseas? How debt doesn't matter? How trade deficits don't matter? All those are supposedly justified by decades of scientific research...
Eisenhower was right... but it was the "soft" sciences, not the hard, that conspired with the Federal government to create the damaging elite.
Really? What about the space fiasco? The energy fiasco?
If anything, the current situation is based on the hypothesis, conveyed by hard scientists, that technology will deliver.
Outsourcing has more to do with this, than social engineering.
What is this "space fiasco" you speak of... Tang? Star Wars I, II, and III? NASA may have decayed into a typical government bureaucratic pigpile, but it barely registers on this nation's list of Top Problems. And the warped energy policy of America is due more to old fashioned political cronyism and regulatory cature than anything else...
As for outsourcing... well, that's exactly what I'm talking about. Economists (i.e. social scientists) have been providing cover for the free trade agenda for decades. How many studies have there been that claim free trade, outsourcing, insourcing, etc. are good for the country? Tons and tons...
Behind pretty much every toxic federal policy and/or program you'll find an alliance of academics, activists, bureaucrats, and politicians... all singing from the same songbook, written by social scientists, and backed by research and studies from our best universities... all paid for by us. Eisenhower's phrase "... public policy could itself become the captive of a scientific-techological elite" has come true. And we're the worse for it.
+ a bunch.
What space fiasco? The fiasco that follows when one failed at the primary objective.
The primary objective was to bring the expansion model to Space, getting us to settle in Space, transfering matter from Space to Earth, providing us with a new pool of inputs to feed the economy. Result: the Space economy is funded by transfering matter from Earth to Space, a very sound idea as everyone knows Space is human life friendly.
To the Space fiasco, one could add, at a lesser extent (less resources invested in this project), the colonization of world seabeds with cities and stuff.
The technologists and co helped to cover the very fact that the main enabler of last 250 years rise was pushing other people out of their resources. It was not a system fed with more and more inputs, it had to a system that could technologically extract more and more from a finite environment. Worked well until there was no longer people to be pushed out of their resources.
Today globalization is nearing its end and people blamed globalization for ending. Incredible. People pushed for a phenomenum they knew would end and they still blamed it for ending.
The biggest education reform was Bush and his NCLB.
but Head Start has been a great program. Seriously. Can you imagine all the money and chaos that would happen if we have millions of people who are brain damaged from lack of even basic nutrition?
You think people are dumb now, if we had millions growing up malnutrition the populace would be even more handicapped.
ike finished near the bottom of his class at west point
where he was branded "the terrible jew" in the yearbook.
his "warning" was more along the lines of "here's the plan".
nice guy.
In 'Eisenhower’s Death Camps': A U.S. Prison Guard Remembers
http://www.ihr.org/jhr/v10/v10p161_Brech.html
http://jewwatch.com/jew-leaders-eisenhower-west-point-yearbook.html
garbage. I kno(e)w many WW2 vets, including several family members. incidents like those links were rare and far between.
atrocities happen in every war.
thats why its a good policy to avoid them.
or manufacture them
+ 1
Exactly.
Yes, because everything on the web is so true. Talk to a vet already.
closed out 401k gains today.
thanks, POMO.
+smart
This piece speaks volumes about the man who wrote it. I could not get past the first page without coming to the conclusioon that Jerry Grantham is either stupid or evil.
He believes U.S. disarmament is a good thing. So do our enemies Russia, China, and their co-conspirators, who continue to arm themselves to the teeth.
He talks some nonsense about science being under legislative attack and really steps in it by trying to tell us that the falsified data put out by climate change whores wasn't really false at all, despite the fact they were caught red-handed.
Then he goes into some garbage about plundering mother earth or some crap, and I can easily guess that his solution to this is government management.
As I said, I haven't gotten past the first page of this piece of crap article, and I don't know if I will. It's complete garbage.
If you're looking for something to read, read this:
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
It's a helluva lot shorter, and it's the truth.
So did Reagan, and of course Eisenhower.
I misread your comment and therefore completely misunderstood it, which is why I wrote what I did here:
"And Reagan and Eisenhower, as well as every other president who moved to disarm us, were dead wrong, and this generation is going to realize that in the most horrific way."
Reagan and Ike of course engaged in a military build-up, but did not do nearly enough. Reagan, in fact, failed miserably in allowing the Soviets to overtake us in every nuclear category, to say nothing of biological and chemical weapons capabilities.
The path to peace is indeed disarmament. It is also known as the path to our defeat and enslavement, if not utter annihilation, by enemies intent on making it so.
Pants shitters of the world Unite!
Listen there Mr Shank, 911 didn't happen the way the gov't says it did. I don't know HOW it happened but it WAS NOT by the way they claim.
A 47 story building that was not hit by planes and only had reported random paper fires did not collapse at free fall speed into its own footprint because of these fires.
Over 1000 structural engineers can attest to that. Not "probably didn't" but "DID NOT", as in impossible. Did you notice that not one change to OSHA or Building codes were changed subsequent to that collapse?
It's all bullshit and anyone who has spent more than 10 seconds investigating the building 7 collapse knows it.
I don't know what happened or who did it but it sure as hell wasn't 11 terrorists flying airplanes into the twin towers. Wake the fuck up.
I don't know what gave you the idea that I believe the official government version of 9-11. I most certainly do not believe the official version is complete, nor in some ways is it correct. That does not mean that anyone should believe the version pushed by alex Jones or other so-called 911 Truthers.
Based on the evidence available to me, such as the fact that Ayman al Zawahiri was trained by the GRU for six months in a terror straining camp in Dagestan, Russia in 1998, after which he was dispatched to Afghanistan where he became a GRU agent-in-place in al Qaeda, and that Mohammed Atta was also a GRU asset, and that Putin had foreknowledge of the attack, and that a mountain of other evidence points to Russia, I can safely say and in fact show beyond a reasonable doubt that 9-11 was a Russian operation.
Again, I don't know why you brought it up, but that's where it stands.
Hey look it's one of those retards that excaped from a local paper's opinion column. Preach it brother! Preach it!
deleted
I don't like Ike...
http://www.lewrockwell.com/rockwell/i-dont-like-ike166.html
I dont like work...
http://www.youtube.com/watch?v=8ynIGzy6fr4
On page 2 this idiot Grantham goes on about taking on too much debt out of selfishness or some crap, pays homage to the depression decade of the 30's, and then goes off about the high price of cotton as if it got that way due to our not listening to Ike, or some such absolute shit. But the real filth of page two is when he raves about the Marshall Plan, which I remind you, resulted in the ceding of half of Europe to the Soviet fucking Union. This guy is a piece of work. I don't know if I'm going to read page 3, but as I said earlier, if you want something to read, read this:
http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44
Jerry Grantham is disgusting.
That's it. I just read most of page 3 and it's enough to make me vomit. No mas.
" The share of income going to the top 1%, which made Ike nervous, was 10%. The same share today goes to the top 0.1% – 10 times worse! "
Ike would be dissapointed in his math skills
Even a correct calculation would prove nothing. How much wealth should you have compared to your neighbor? The same? Double? Half? Who decides, and how? Should 10% of the wealth belong to 1.0% of the populace? Or 0.1%? Or 0.01%? What is the right answer?
The truth is that the optimal distribution of wealth and capital amongst mere mortals can be determined only through economic calculation, i.e. it is that distribution arrived at by participants acting in an unhampered market. If an ivory tower pseudoeconomist with godlike intelligence can do better then he is always free to seize the reins through his shrewd speculation and investment.
That is indeed the next flavour to come. Individuals can not reach truth but a human organized system as a whole can.
This is wonderful if one wants to shut down dissent on a system.
The system is perfect. If it feels like failing, that is because of individual perceptions, not because the system is failing.
Something that one might follow.
Plato postulated of the King Philosopher, that tyrant who would know of truth and therefore could rule accordingly.
The scam brought today is the Sovereign System Philosopher, a system that is truth by essence and therefore rule people accordingly.
Ike would be DISAPPOINTED in your spelling skills.
Notice how the NEW TERRORIST as stereotyped by the MAINSTREAM MEDIA are WHITE DUDES in a suit and tie like Mr. Vincent McCrudden??
Watch the YouTube video "The New American Terrorist ~ Regular Joe's" at (http://www.youtube.com/watch?v=bz9E5aTURWE).
Anonymous-
Isn't American tyranny great? I can't wait for the Gestapo to knock on my door and jail me for being a capitalist!!!!
It is all too far gone and will not be willingly stopped. Change will only be forced by crisis, and if 2008 wasn't enough, the next crisis is certainly scary to contemplate.
On another note, this from Doug Noland:
The market commences 2011 with many of the market’s favored stocks/sectors at wildly bullish levels of valuation and expectations. Overall market sentiment has moved to extreme bullishness. In Bubble Dynamic fashion, equity fund flows have turned strongly positive subsequent to a historic market rally. Equities today are winning by default within a backdrop of near-zero short rates, rising bond yields and municipal bond angst. Throughout the marketplace, prices have become increasingly detached from underlying fundamentals
Can some ont help me distinguish between the strongly positive equity fund flows he references and the large net redemptions reported here at ZH?
Grantham - 33%
Eisenhower - 100%
1-I don't think California will be a police state. Too much soy.
2-It sounds like a lot of you watch TV and listen to the radio.
3-If you couldn't tell 911 was an inside job within 2 weeks of the date then you are not very good at "reading people". I mean the smirks!!
More Bang For The Buck, bitches.
Or STFU about the military/industrial complex. Fuckin catnip for commies.
IGNORANCE IS STRENGTH!
Yep.
That is why there is a Dept. of Education.
Only took two generations.
DEATH TO THE GOVERNMENT!
Which one?
the bad one.
I am totally down with nuking Beijing, Tehran and Riyadh.
And Paris. Might as well get all our enemies on the way down.
Shut the hell up clown.
No.
Wasn't it the same speech where Eisenhower (a General, if retired!) warned about the "military-industrial complex"?
Maybe it is time (over)due to take this warning seriously and act...